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LG mobile back in the red in Q2 as premium smartphone sales disappoint

2017-07-27 09:29:00| Telecompaper Headlines

(Telecompaper) LG Electronics saw its mobile phone business fall back in the red in the second quarter, after a small profit in Q1. With weak sales in the premium smartphone market and an increase in raw material costs, the mobile business had a quarterly operating loss of KRW 132.4 billion (USD 117.3 million). After a positive operating margin of 0.1 percent in Q1, LG Mobile was back at a negative 4.9 percent in Q2, similar to the minus 4.1 percent a year ago.

Tags: back sales red mobile

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